I think our issue may have something to do with the hedging terms.
The trigger for first 6000 tonnes was a copper price of $12,500 per tonne plus a hedging margin at the time of the Freepoint Tranche 2 placement. The placement is dependent on the FIRB.
Maybe they are renegotiating this? Still very profitable at these levels and this price malarkey will pass
I think our issue may have something to do with the hedging...
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Last
8.2¢ |
Change
-0.002(2.38%) |
Mkt cap ! $171.6M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 8.2¢ | 8.0¢ | $438.5K | 5.395M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 825696 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 148933 | 4 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
Change
-0.002 ( 1.20 %) |
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| Open | High | Low | Volume | ||
| 8.3¢ | 8.3¢ | 8.0¢ | 1662882 | ||
| Last updated 15.13pm 24/05/2024 ? | |||||
| HGO (ASX) Chart |